Tanzania, Uganda ink deal on $3.5bn oil pipeline project

Tanzania and Uganda signed an agreement Sunday to commence construction on a 1,445-kilometre (900 mile) oil pipeline through East Africa that conservation groups say threatens livelihoods and fragile ecosystems. The project focuses on oilfields in landlocked Uganda discovered in 2006 and proposes pumping the crude to the coast via a pipeline across Tanzania at an…

Uganda officials study Nigeria’s PenCom model

National Pension Commission, PenCom, is playing host to a delegation from Uganda Retirements Benefits Regulatory Authority, URBRA, on a four-day visit to understudy Nigeria’s pension system. Continue reading Uganda officials study Nigeria’s PenCom model at Vanguard News. Find more latest news and headlines from the newspaper

Airtel Africa mobilises $1.25bn from six investors

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd has raised $1.25 billion in loan from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd. The fundraising, through a primary equity issuance, now values the telecommunications company at $4.4 billion and will be used to reduce existing debt…

7 family members killed in house fire in Uganda

Seven people from the same family were killed by a fire when it ravaged their grass thatched hut in the eastern Ugandan district of Bukedea, a police spokesperson said on Wednesday. Continue reading 7 family members killed in house fire in Uganda at Vanguard News. Find more latest news and headlines from the newspaper